Securities Code: 002372 Securities Abbreviation: Weixing New Material Announcement No.: 2026-017
Zhejiang Weixing New Material Co., Ltd. Announcement on Progress of Purchasing Wealth Management Products
Zhejiang Weixing New Material Co., Ltd. (hereinafter referred to as the "Company") and all members of the Board of Directors guarantee that the information disclosed is true, accurate, and complete, and contains no false records, misleading statements, or significant omissions.
As approved by the Company's 2024 Annual General Meeting on May 7, 2025, the Company and its subsidiaries will use no more than RMB 1.2 billion of idle own funds for investment and wealth management business, ensuring normal operations and fund safety. The investment period will be within 12 months from the date of approval by the Company's shareholders' meeting. Funds within this limit can be used cyclically, and the Chairman is authorized to exercise investment decision-making power and sign relevant contracts. For details, please refer to the announcements published on April 16, 2025, and May 8, 2025, in the Securities Times, China Securities Journal, Shanghai Securities News, Securities Daily, and on the Juchao Information Network (www.cninfo.com.cn).
Recently, the Company has purchased bank wealth management products using part of its idle own funds. The relevant situation is hereby announced as follows:
I. Details of Purchased Bank Wealth Management Products